www.varchev.com

Bitcoin ignores the delay of ETF and resumes his approach to $ 8,000

Rating:

12345
Loading...

Bitcoin renewed its bid to mount a sustained surge above the $8,000 handle on Tuesday, shrugging off a widely-expected delay by U.S. authorities on a bitcoin fund that many believe has the potential to be a game changer for the crypto industry.

The Security and Exchange Commission put out a call for public comment and delayed a decision on the proposed rule changes that would allow an exchanged traded bitcoin fund, or ETF, proposed by investment management firm VanEck to trade on the CBOE exchange to Aug. 19.

The move was widely expected, with some suggesting that the U.S. financial watchdog is still in the "information gathering" stage. They also believe the commission will continue to delay making a decision on approving or denying a bitcoin EFT.

"The SEC is in information gathering mode. Technically, there are deadlines, but it’s the SEC, they can do what they want. They can kick this can down the road," Dave Nadig, managing director of ETF.com, told.


 Trader Georgi Bozhidarov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy